rossgivens

Long Trade in ETHE (Ethereum)

Long
OTC:ETHE   Grayscale Ethereum Trust (ETH)
This is the Ethereum ETF. ETHE is showing strength similar to Bitcoin.

Notice how ETHE closed below the 21-day exponential moving average (blue line on chart) on August 1st. It came right to previous resistance and bounced hard on high volume the very next day.

This is what I want to see – aggressive buyers taking advantage of temporary price drops.

I took a position in this stock as well this week. I want to see it hold above 10.75.

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